Singapore's PM Lee: We need more foreign workers to help keep inflation low

Canadian Business Online, 15 Jul 2010
SINGAPORE (AP) - Singapore, fresh from announcing record economic growth, said it must bring in more workers from abroad to help keep inflation low, apparently backsliding on a commitment to stem an influx of foreigners.
The government plans to allow more than 100,000 foreign workers into the city-state this year, Prime Minister Lee Hsien Loong told Singapore media during a trip this week to the U.S.
"If we don't allow the foreign workers in, you are going to have overheating" of the economy, Lee said in a Straits Times article posted Thursday on the prime minister's website. "We have to accept that." Full Story


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